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Wal-Mart is in the Game

Posted Fri, May 9, 2014

Last month, Wal-Mart opened its first convenience store. The new Arkansas store is stocked full of convenience items from packaged groceries and non-food items to fresh sandwiches, pizzas, fruit and a walk-in beer cooler. A unique canopy covers the site's six fuel dispensers, extending from the pumps to the store entrance.

Wal-Mart dominates the supercenters with a 25 percent market share of the $585 billion industry. But they have also seen recent success with the smaller store, quick trip concepts like Wal-Mart Neighborhood market and Wal-Mart Express. Currently Wal-Mart holds 10 percent of the $415 billion quick trip market share, a percentage they are aggressively working to increase. Wal-Mart plans to nearly double the small store rollout within the year, representing 320 percent growth between fiscal years 2011 to 2015.*

Wal-Mart How can an independent c-store owner compete with prices as low as Wal-Mart's? How will independents remain viable and relevant to customers in this ever-evolving retail environment? It does not take a rocket scientist to figure out that large chains are doing something right. So how do they do it?

Wal-Mart CEO Doug McMillon says it plainly, "Customers' shopping habits are changing more rapidly than ever before. We must be more nimble and flexible as we operate our business to adapt to these changes...We have much to achieve this year, and this will inevitably include change."

In order to remain competitive, change is not a luxury€ it is a necessity. What do you need to change in the way you operate your business? Are you getting the best prices possible from all of your vendors? Or are you too comfortable, apprehensive or unwilling to go through the hassle of change?

It is time to evaluate your operating efficiencies, cut costs and maximize profits. When you have an opportunity to save money, you need to take it. If you don't, someone else will.

*Wal-Mart Stores, Inc. (NYSE: WMT), Raymond James 35th Annual Institutional Investors Conference

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Tags : Wal-Mart , convenience store , change , competition , independent operator , c-store


Obamacare : What does it mean for you?

Posted Thu, September 26, 2013

Written by: Jan Edwards, President/Owner, Corporate Resource

The basic premise of the financial portion of Obamacare is to enroll young individuals in mass. In order to subsidize the plan, the enrollment level of younger participants will need to be extremely high. The amount of premium for the younger age bracket is two to three times more costly than the current average for a younger individual. The likely enrollment level for this age bracket is diminished due to the cost. This part of the plan weakens the foundation of the financial structure of Obamacare.

A by-product of this program is the requirement of coverage for all full-time employees. Once you’ve done the math, you will find that the fines for not participating in Obamacare may be more cost effective than accessing coverage for your employees. The simple solution is to cut your employees'€™ work hours to a part-time level. The designers of Obamacare did not anticipate this employer survival tactic.

The governing bodies of this country have passed Obamacare, but the implementation is just beginning. The first notice employers are required to send out is October 1, 2013€”that€™s next week! Employers like you are in a state of confusion.

Who can I ask what is required of me as an employer?

Corporate Resource is responsible for the requirements of Obamacare on behalf of all the employers in our program. Our job is to offer the highest-quality solutions for every possible employee regulation and human resource issue. Corporate Resource is prepared to deal with all that Obamacare entails'€”as it exists today and as it evolves in the future.

Corporate Resource provides payroll, work comp, health insurance and 401K benefits.

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Tags : Obamacare , healthcare , Corporate Resource




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